CREDIT CORP GROUP LIMITED (CCP)
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05/08/2026

1

Buy

$18.25

36.70%

Credit Corp has delivered FY26 net profit of $105.5m, in line with expectations. Net profit guidance for FY27 is $110m–$118m, which Morgans assesses as "solid", albeit the investment outlook could be considered negative as ledger investment guidance is down –21% and US purchasing guidance down –31%.

The broker assesses execution in the US is required to return the company to medium-term growth and to improve investor sentiment more broadly.

Improved execution along with a valuation de-rating from historic multiples should provide a favourable risk/reward, Morgans adds. Buy rating retained. Target is reduced to $18.25 from $19.15.

FORECAST
Morgans forecasts a full year FY27 dividend of 85.00 cents and EPS of 167.00 cents.
Morgans forecasts a full year FY28 dividend of 93.00 cents and EPS of 184.00 cents.

06/08/2026

1

Buy

$19.80

48.31%

Canaccord Genuity maintains a Buy rating for Credit Corp with its target price increased to $19.80 from $19.70 following an FY26 result meeting management's expectations alongside record capital outlays.

The Australia and New Zealand lending segment achieved a record $510m closing book, driving underlying segment profit towards $60m despite new product investment costs weighing on near-term earnings.

Domestic debt buying arrested a multi-year decline to deliver 5% net profit growth, while the United States division posted a record 57% profit increase despite disappointing FY27 ledger investment guidance.

Management targets an additional $300m in lending book growth over the next three years, expected to generate significant incremental net profit assuming returns remain stable above 15%.

Making minor revisions to estimates, the analyst considers the current valuation undemanding at eight times forward earnings and applies a 12x multiple to FY27 net profit projections to derive the updated valuation.